Loss in Sony Ericsson impacts Ericsson's fourth quarter results
(Thomson Reuters ONE) -
* Sony Ericsson reports Q4 loss of EUR 247 million before taxes, reflecting
intense competition, price erosion and restructuring charges
* Results impacted by unfavorable macro economic conditions and effects from
the flooding in Thailand
* Ericsson's share in Sony Ericsson's income before taxes amounts to SEK -1.1
b. in the quarter
Sony Ericsson, the joint venture in which Ericsson (NASDAQ:ERIC) has 50% of the
shares and is accounted for according to the equity method, today reports its Q4
and full year 2011 results. Sony Ericsson's loss in the fourth quarter 2011 will
impact Ericsson's operating income with SEK -1.1 b. in the quarter.
On October 27, 2011, it was announced that Sony will acquire Ericsson's 50%
share of Sony Ericsson. The transaction is expected to take place late January
to February 2012. As part of the transaction, Ericsson will receive a cash
consideration of EUR 1.05 b.
Ericsson will present its fourth quarter and full year 2011 report on January
25, 2011, at 07.30am CET.
NOTES TO EDITORS:
Ericsson's video material is available onwww.ericsson.com/broadcast_room
Ericsson is the world's leading provider of technology and services to telecom
operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and
provides support for networks with over 2 billion subscribers and has the
leading position in managed services. The company's portfolio comprises mobile
and fixed network infrastructure, telecom services, software, broadband and
multimedia solutions for operators, enterprises and the media industry. The Sony
Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich
personal mobile devices.
Ericsson is advancing its vision of being the "prime driver in an all-
communicating world" through innovation, technology, and sustainable business
solutions. Working in 180 countries, more than 90,000 employees generated
revenue of SEK 203.3 billion (USD 28.2 billion) in 2010. Founded in 1876 with
the headquarters in Stockholm, Sweden, Ericsson is listed on NASDAQ OMX,
Stockholm and NASDAQ New York
www.ericsson.com
www.twitter.com/ericssonpress
www.facebook.com/technologyforgood
www.youtube.com/ericssonpress
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Telefon: +46 10 719 69 92
e-post:media.relations(at)ericsson.com
Ericsson Investor Reltations
Telefon: +46 10 719 00 00
e-post:investor.relations(at)ericsson.com
Ericsson discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on January 19, 2011, at 08.30 CET.
Loss in Sony Ericsson impacts Ericsson?s fourth quarter results (pdf):
http://hugin.info/1061/R/1578655/492440.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
[HUG#1578655]
Unternehmensinformation / Kurzprofil:
Datum: 19.01.2012 - 08:31 Uhr
Sprache: Deutsch
News-ID 105717
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